This form is a subpoena in a case under the Bankruptcy Code. The issuing officer must sign the form and proof of service is required.
Case Bankruptcy File Without A Lawyer
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US-B-256
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Description
How to fill out Subpoena In A Case Under The Bankruptcy Code - B 256?
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FAQ
The solution may be Chapter 7, which discharges debts but also liquidates assets though not all of a person's assets. Chapter 13 bankruptcy allows a person to keep their assets, but puts them on a strict repayment plan. No matter which type you file for, the court puts an ?automatic stay? on any foreclosure action.
While it may feel odd to pay fees to tell the courts you don't have enough money, you typically have to pay court fees to file for bankruptcy. The filing fee for a Chapter 7 bankruptcy is $338, while the filing fee for a Chapter 13 bankruptcy is $313.
A Chapter 7 bankruptcy wipes out mortgages, car loans, and other secured debts. But if you don't continue to pay as agreed, the lender will take back the home, car, or other collateralized property using the lender's lien rights.
With a no-asset chapter 7 bankruptcy, the debtor will not lose any of their property. A ?no-asset? Chapter 7 bankruptcy means you do not have assets that the bankruptcy trustee can sell to pay your creditors.
Under Chapter 7, your unsecured debts will be discharged and a bankruptcy trustee will be assigned to your case to see that your creditors receive any possible payment. When you do not have any assets, there will be nothing for the trustee to sell for creditor payment and your debts will be discharged just the same.